Caution: Make a backup before closing the payroll year
When you close a payroll year, all pay history amounts from the year you close are cleared from your company file, and your company file is prepared for a new payroll year.
Note: When your payroll year must be closed
Before you close the payroll year, complete all pay runs and print all year-end payroll forms. (Printing year-end payroll forms)
Perform your usual end-of-month tasks. (Performing month-end tasks.)
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